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Submission Summary: 0 pending, 5 declined, 3 accepted (8 total, 37.50% accepted)

Submission + - US to auction off 29,656 bitcoins seized from Silk Road, worth over $17.5M (arstechnica.com)

ClownPenis writes: On Thursday, the United States Marshals Service posted a notice that it will be administering the sale of the over 29,600 bitcoins seized in the Silk Road case. At present exchange rates, those bitcoins are worth over $17.5 million.

FURTHER READING

FEDS READY TO AUCTION OFF $25 MILLION IN SILK ROAD BITCOIN
Funds seized from alleged Silk Road founder Ross Ulbricht are still in contention.
These bitcoins resided in six different wallets found on Silk Road servers and do not include the “bitcoins contained in wallet files that resided on certain computer hardware belonging to Ross William Ulbricht, that were seized on or about October 24, 2013.”
The USMS said that the first deadline for bidders will be 9am Eastern Time on June 16, 2014.

All bidders must complete the government’s Bidder Registration Form (PDF), which requires that you provide a copy of a government-issued ID as well as a $200,000 deposit sent by wire transfer from an American bank. The government added that the highest bidder will win, and he or she cannot finance its payment in installments—the winner must pay the full amount in cash.

Submission + - Feds: Sailor hacked Navy network while aboard nuclear aircraft carrier (arstechnica.com)

ClownPenis writes: by Dan Goodin — May 9 2014, 10:31am PDT
BLACK HAT INTERNET CRIME

A former sailor assigned to a US nuclear aircraft carrier and another man have been charged with hacking the computer systems of 30 public and private organizations, including the US Navy, the Department of Homeland Security, AT&T, and Harvard University. Nicholas Paul Knight, 27, of Chantilly, VA, and Daniel Trenton Krueger, 20, of Salem, IL, were members of a crew that hacked protected computers as part of a scheme to steal personal identities and obstruct justice, according to a criminal complaint unsealed earlier this week in a US District Court in Tulsa, Oklahoma. The gang, which went by the name Team Digi7al, allegedly took to Twitter to boast of the intrusions and publicly disclose sensitive data that was taken. The hacking spree lasted from April 2012 to June 2013, prosecutors said.

Submission + - Hewlett-Packard Admits to International Bribery and Money Laundering Schemes (vice.com)

ClownPenis writes: Hewlett-Packard has admitted to creating and using slush funds for bribes, money laundering, and clandestine “bag of cash” handoffs in order to profiteer off of lucrative government contracts in Russia, Poland, and Mexico, according to court documents.

HP’s guilty plea carries with it a $108 million penalty — a combination of SEC penalties, as well as criminal fines and forfeitures paid out to the Department of Justice. Thus far no criminal charges have been brought against American HP executives. The multi-agency investigation, which was conducted by multi-national law enforcement partners, the FBI, IRS, and SEC, has revealed kleptocracies in the three foreign governments and corruption and dishonesty among HP corporate fat cats.

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